TBI Corn IPO overview! Issue Size, GMP, Issue Price, and All Details to Know TBI Corn Limited.
TBI Corn Limited processes corn into various products, likely including corn flour, oil, and starch for food, pharmaceutical, and industrial use.
About TBI Corn Limited.
TBI Corn Limited, originally a partnership firm, now operates as a limited company, manufacturing and processing corn-based products. Founded in 2000, it received incorporation as TBI Corn Limited in 2022. The company specializes in corn-derived items like flour, oil, and starch for food, pharmaceutical, and industrial applications.
TBI Corn IPO Details
- Company: TBI Corn Limited
- Investor Type: Individual investor
- Issue Dates: 31st May — 4th Jun
- Issue Size: 4,780,800 shares
- Issue Price: ₹90 – ₹94
- Lot Size: 1,200 shares
- Offer Start: 2024-05-31
- Offer End: 2024-06-04
- Allotment: 2024-06-05
- Refund Initiation: 2024-06-06
- Demat Transfer: 2024-06-06
- Listing: 2024-06-07
- Mandate End: 2024-06-19
- Minimum Application Amount: ₹108,000 for 1,200 shares
- Website: TBI Corn
Know Details about GVL IPO.
GMP of TBI Corn Limited.
TBI Corn IPO GMP is ₹50 as of today.
| GMP Date | IPO GMP |
| 5-06-2024(Alloted) | ₹50 |
| 4-06-2024 | ₹50 |
| 3-06-2024 | ₹88 |
| 2-06-2024 | ₹84 |
| 1-06-2024 | ₹84 |
| 31-05-2024 | ₹95 |
Promoters
- Mr. Yogesh Laxman Rajhans and Smt. Asha Laxman Rajhans
Summary of Financial Information
| Year | Earnings per Share (₹) | Return on Equity | Tier 1 Capital Ratio | Total Capital Ratio | Dividend per Share (₹) | Dividend Payout Ratio | Book Value per Share (₹) | Market Price per Share (₹) | Price to Earnings Ratio |
|---|---|---|---|---|---|---|---|---|---|
| 2013 | 17.74 | 20.88% | 11.77% | 16.07% | 3.43 | 22.68% | 90.62 | 374.40 | 21.11 |
| 2023 | 79.25 | 17.39% | 17.13% | 19.26% | 19.00 | 24.07% | 502.17 | 1,609.55 | 20.31 |
Financial Highlights
| Metric | 2013 (₹ crore) | 2023 (₹ crore) |
|---|---|---|
| Profit after Tax | 8,478.38 | 44,108.71 |
| Deposits | 3,67,337.48 | 18,83,394.65 |
| Subordinated Debt | 16,643.05 | 33,956.00 |
| Stockholders’ Equity | 43,478.63 | 2,80,199.01 |
| Working Funds | 4,91,599.50 | 24,66,081.47 |
| Loans | 3,03,000.27 | 16,00,585.90 |
| Investments | 1,00,111.88 | 5,17,001.43 |
Additional Business Ratios
| Metric | 2023 | 2022 |
|---|---|---|
| Operating Profit as a Percentage of Working Funds | 7.60% | 7.03% |
| Net Interest Income as a Percentage to Working Funds | 4.08% | 3.96% |
| Net Interest Income as a Percentage to Avg Interest-Earning Assets | 4.33% | 4.20% |
| Net Interest Income as a Percentage of Avg Interest-Earning Assets | 1.47% | 1.62% |
| Cost of Deposits | 3.80% | 3.56% |
| Non-Interest Income as a Percentage of Working Funds | 3.31% | 3.53% |
| Return on Assets (Average) | 2.07% | 2.03% |
| Business per Employee (₹ crore) | 19.74 | 20.25 |
| Profit per Employee (₹ crore) | 0.28 | 0.28 |
| Debt-Equity Ratio | 0.39 | 0.33 |
| Return on Equity Ratio | 17.39% | 16.90% |
Also Read: HDFC Bank Share Price Predication 2024, 2025, 2026 to 2030 in Future Return?
Download Red Herring Prospectus pdf
Stock market disclaimer
Note: The information that we provide is based on our analysis, do your research before making an investment decision stock market disclaimer.
Most Asked Question about TBI Corn IPO
What is the GMP (Grey Market Premium) of the TBI Corn IPO?
The Grey Market Premium (GMP) of the TBI Corn IPO is ₹50 as of today.
What is the subscription status of the TBI Corn IPO?
The subscription status of the TBI Corn IPO is 7.52 times subscribed.
What are the reviews for the TBI Corn IPO?
Please Write your Review in the comment box.
When is the listing date for the TBI Corn IPO?
TBI Corn IPO listing date is not provided in the information given.
What is the date of the TBI Corn IPO?
The date of the TBI Corn IPO is from May 31, 2024, to June 4, 2024.
What is the predicted listing price for the TBI Corn IPO?
The predicted listing price for the TBI Corn IPO is ₹189.
What is the GMP of the TBI Corn IPO in Hindi?
TBI Corn IPO की GMP 88 है।
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